How? Does this mean intel is offering 60 days of severance to avoid submitting a WARN notice?
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Folsom is a GPTW. I missed that city
Man it’s scary how many people don’t truly understand how it all works
https://www.oregonlive.com/silicon-forest/2025/04/intel-says-it-will-keep-oregon-campus-it-had-considered-closing.html
What ever happened to the RA site in OR being sold to a developer to be demolished and built into housing next to the rail line?
Not selling Folsom.
Setting up a permanent colosseum tent there for all the clowns.
Buy tickets to see the political gladiator fights.
Lipbu as emperor.
Gladiators dressed as clowns are ET/CVP/VPs and Directors. Shipping in special VPs from around country as new stock highly trained political combat veterans for a good show.
Thumb up or thumb down!
@OP It seems like the WARN postings happen after the notices are given to the employees. I am sure by July 15, or shortly thereafter, the WARN tracker will be updated.
Warn only tracks a subset of layoffs and so is not the way to see what the company is doing. Just read the news if you are that interested.
Also note that not everyone is getting a severance package. In some cases the company is instead giving 60 days notice. In other cases the employee is being terminated for cause, and there is no severance package for that. Also no unemployment insurance.
The packages are only for those who are to be terminated within a few weeks of being notified.
It's been mentioned before. HR ramps up efforts to terminate for cause whenever the company is reducing headcount. Not a good time to be doing things which are in violation of company policy, like hanging out on the internet, or cafe, or sleeping in your car.
@bs That may be true, but it may also be an indication that current "leadership" has no idea what they're doing. They're grasping at straws, desperate for any way to keep the ship afloat. The fact that they announced they were selling the site, then said they couldn't find a buyer, then said they were going to sell the individual buildings, then said they still couldn't find buyers... Notice the pattern? Pretty soon they'll announce they're selling the desks, only to find nobody will buy those either.
Selling RE with a lease back is a precursor to winding down the site, moving people/projects elsewhere, and eventually closing down fully in a few years time
@a5 selling the real estate and leasing it back is a bad sign. Any money obtained through the sale will be gone fast and then Intel is left with a lease to pay off. It just adds to the growing debt burden. I would bet that the contents of the FM data centers is being migrated to OR and AZ sites. Full site closure can happen when that is done.
WARN is worthless.
The announcement was site consolidation and selling of the real estate with a lease back. Not closure.